ACTEW are happy to report that after a protracted process the Independent Competition and Regulatory Commission has given a tick to the Enlarged Cotter Dam:
ACTEW Managing Director Mark Sullivan said he was pleased the ICRC’s report confirmed the final price of $363 million represents an efficient cost for building the dam and found that the project was based on robust design, engineering, construction and costing processes.
Mr Sullivan said ACTEW welcomed the Commission’s acknowledgment that ACTEW’s decision to pursue a portfolio of projects was intended to provide ‘insurance for the ACT community against future climate change impacts’ and found that ‘the decision could be considered to have been prudent and may prove to be more so as climate change impacts are revealed over time’.
Nice to know with construction already well advanced.